Town Square

Iraq's Oil

Original post made
by Jag Singh, Duveneck/St. Francis,
on Jan 25, 2007

In breaking news, the London (UK) Independent has published details of a new law  the 'Hydrocarbons Law', drafted to ensure the 'sale' of Iraqi oil on terms extremely favorable terms to US & UK multinational oil companies. Greg Muttitt, of Platform, a human rights and environmental group that monitors the oil industry, was highly critical of the tight provisions in the new law which would effectively weaken Iraq's possession of its precious resources for the next 30 years. The law was drafted by BearingPoint, an American consulting firm which has been granted highly lucrative contracts in Iraq. News of the leaked document has been condemned throughout the world as an unprecedented giveaway and exposes unequivocally the real purpose of our misadventure in Iraq.
This new law, which the weak Iraq government was made to accept under duress, will only heighten tensions and intensify the anger towards the US and its illegal occupation.
More US soldiers will be placed in harms way due to the unrelenting greed of multinational oil companies and other war profiteers aided and abetted by our morally bankrupt government. The only way to stop this madness is for the silent American public to break its silence. Our lawmakers need to hear are angry voices.

Comments

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Posted by ten18
a resident of Another Palo Alto neighborhood
on Jan 25, 2007 at 12:44 pm

It's about time. We need the oil, and we certainly should be compensated for our efforts in that hell-hole.

Posted by Walter_E_Wallis
a resident of Midtown
on Jan 25, 2007 at 7:57 pm

Anybody remember "The Little Red Hen?"
A favorable contract is the least Iraq owes the United State. Why give the same deal to the countries who sold Saddam the tools to keep the people enslaved as to the countries who freed them?